European car giants, including Volvo Cars, Volkswagen, Ford, and Mercedes-Benz Group, are facing a plethora of challenges on their journey towards full electrification. One of the major setbacks is the delay in meeting the electrification targets set earlier by these automakers. Volvo Cars recently announced a shift in its plan to sell only EVs by
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The disturbance in the Gulf of Mexico is expected to intensify into a tropical storm on Monday, with the possibility of reaching hurricane status before making landfall along the U.S. Gulf Coast by the middle of the week. The National Hurricane Center issued an early Monday advisory, indicating that the storm, referred to as Potential
Boeing and the union representing 33,000 of its workers have come to a new labor agreement that includes a 25% raise over the next four years, along with improvements to health-care costs and retirement benefits. The International Association of Machinists and Aerospace Workers, which represents Boeing workers in the Seattle area and Oregon, announced the
Former President George W. Bush has taken a rather unconventional stance by deciding not to endorse a candidate for the upcoming presidential election. This decision was confirmed by his office in response to inquiries about whether he or his wife, Laura, would publicly support a candidate or reveal their voting intentions. The office made it
In August 2021, the U.S. economy created slightly fewer jobs than anticipated, signaling a slowdown in the labor market. Nonfarm payrolls expanded by 142,000 during the month, a decrease from the previous month’s 89,000 jobs, and slightly below the forecast of 161,000 jobs. The unemployment rate remained steady at 4.2%, as expected, while the labor
The latest report from ADP reveals concerning data regarding the state of the labor market, with private sector payrolls growing at the weakest pace in more than three-and-a-half years. In August, companies hired just 99,000 workers, a significant drop from the previous month’s figure of 111,000. This disappointing number falls well below the Dow Jones
Two U.S. Consumer Product Safety Commission members, Peter Feldman and Douglas Dziak, are calling for the agency to investigate the safety practices of “foreign-owned” e-commerce platforms, specifically mentioning Shein and Temu. The focus of the probe would be on the alleged sale of “deadly baby and toddler products” by these platforms. The commissioners have emphasized
The latest Institute for Supply Management (ISM) survey revealed that U.S. factories remained in a contraction phase in August. With only 47.2% of purchasing managers reporting expansion, the manufacturing sector is below the 50% breakeven point for activity. While this figure is a slight improvement from July’s 46.8%, it falls short of the expected 47.9%
The recent decision by Brazil’s federal supreme court to suspend Elon Musk’s social network X nationwide has sparked a legal controversy. The court’s top justice, Alexandre de Moraes, issued the suspension orders after X defied requests to remove content that violated Brazil’s laws on political misinformation and hate speech online. The court also froze the
Netflix reached a record high in August, with shares exceeding the $700 mark. Analysts are optimistic about the stock’s potential for further growth, with some setting price targets well above the current levels. Despite facing stiff competition in the streaming sector and concerns about consumer spending, Netflix has managed to rally significantly in 2024. Value